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Difference between revisions of "What Is Income Tax?"
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You must report your income from inside and outside of Canada. If you made some money in another country, you have to include it on your income tax return. You may have to pay a large fine if you do not do this. | You must report your income from inside and outside of Canada. If you made some money in another country, you have to include it on your income tax return. You may have to pay a large fine if you do not do this. | ||
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| text = '''For example:''' | |||
Winston lives in Canada but earns money from his business in Hong Kong. Winston ''must'' declare that business income to Canada Revenue Agency. | |||
}} | |||
[[File:Paying Taxes Keyboard Image.jpg | right | frame | link=| <span style="font-size:60%;">Copyright www.shutterstock.com</span>]] | [[File:Paying Taxes Keyboard Image.jpg | right | frame | link=| <span style="font-size:60%;">Copyright www.shutterstock.com</span>]] | ||
==Who has to send in an income tax return?== | ==Who has to send in an income tax return?== | ||